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CNNW
Your Money

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Dec 9, 2012

, right now, this is more politics than the economy. some people are saying don't sweat it. the threat of going over the fiscal cliff is overblown. it will get done. an 11th hour deal. john, as you read the politics at play, what do you see? >> i see both sides digging in. you've just played the president saying i want that rate hike. the republicans are saying mr. president, we'll give you the revenues, but not through a rate hike, but the president believes he won the election and he's upped the ante. says he wants twice as much in tax revenues than a year and a half ago, so the president believes he has the higher ground. i think maybe the democrats have a deeper trench, if you will. they have public on their side. but if you talk to people in washington, there's still this sense that at a last minute, reason will prevail, but there's not a lot of optimism. you know this and my colleagues know this, more and more people are talking about the threat. not only if you don't deal with this, you'll send the united states back in a recession, but that the global economy is teetering. they

CNNW - Your Money

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CNNW
Your Money

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Dec 8, 2012

that if you don't deal with it you will send the united states back to recession and the global economy is teetering on recession. the stakes are in their political vaults. maybe they're blind to the enormous stakes. >> let me share something that struck me from pimco, the world's largest bond investor. they make informed bets on economies. here's what bill gross said about what's going on now in the u.s. he said, these structural headwinds cannot just be wished away as we move forward. whether it be to the right, the left or dead center. those are things like growing debt, globalization, technology and our aging population. that speaks to something i have warned about repeatedly on the show. challenges to the u.s. economy are significant. they come from europe and asia, old infrastructure in the united states, massive debt. americans have a right to expect leaders to tackle large problem. as one of the leading authorities on financial crises, what do we do? >> i think this point that it's not just what happens this month how are we going to move forward, grow this economy because this

CSPAN - Politics & Public Policy Today

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CSPAN
Politics & Public Policy Today

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Dec 7, 2012

and the economy and jobs have been prumped by the politics of immigration. i think there are four paths. one could be the pass the senate not be taken up in the senate. there is a lottery that would flult raising the overall level of immigration. if there was an agreement to include that that bill could be passed. a second option which is what the president has ind indicated he favors is to link high skilled immigration with the dream act. so it is a broader solution around immigration. the third would be to say this deals with the 50,000, this deals with a million five. the third would be deal with 11 million which clearly we have to as a nation deal with and there is a desire now more than there might have been a month ago to do. that and i've heard a number of people talk about the need to take up the issue and called for a comprehensive solution. so that's third. the fourth path would be to say that this immigration path in the short run is challenging and build support for the senator warner's bill, such as regulatory issues and commercialization of research. those strike me as the four paths

CSPAN - Politics & Public Policy Today

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CSPAN
Politics & Public Policy Today

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Dec 7, 2012

cuts and a weak economy. it is the lowest since 1950. to reverse the trend is a major breakthrough. yes, we are talking about deficit deduction. we are talking about raising revenue to a level in which can begin to support the kinds of investments we need to make to train our future work force and to create an environment in which we can care for the elderly. >> the think americans will remain optimistic but this did of the economy? if we have not tackle the things we have just talked about like the cost of education, the housing market? we are figuring out some philosophical issues about taxing and funding? >> i think the economy has been growing slowly and steadily all in the absence of any movement, which we have seen over the test of the last year. i have worked on guantanamo for the past 10 years. my sense is that if there is some movement until the positive direction, which have not seen out of washington and enter a long time, -- in a long time, at least we will not see head winds. we are making some progress. i see that continue. >> i want to come back to what todd said earlier.

CSPAN - Politics & Public Policy Today

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CSPAN
Politics & Public Policy Today

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Dec 7, 2012

to the fiscal cliff that is threatening our economy and jobs the white house has wastde another week. secretary gitener came here to offer a plan that had twice the tax hikes that the president campaigned on and had more stimulus spending thanned the in cuts. and an indefinite increase in the debt limit like for ever. now four days ago we offered a serious proposal based on testimony of president clinton's former chief of staff. since then there has been no count offer from the white house. instead reports indicate that the president has adopted a deliberate stradgeji to slow walk our economy right to the edge of the fiscal cliff. instead of reforming the tax code and cutting spending, the president wants to raise tax rates. but even if the president got the tax rate hike that he wanted, understand that we would continue to see trillion dollar deficits for as far as the eye can see. washington has got a spending problem, not a revenue problem. if the president doesn't agree with our proposal, i believe he's got an obligation to families and small businesses to offer a plan of his own, a plan th

MSNBCW - The Cycle

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MSNBCW
The Cycle

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Dec 6, 2012

they notice the underground economy, and the guy is worth like a billion dollars. he's a big reason for a lot of the cocaine, heroin and marijuana in america. >> wields a lot of power. >> i wonder what else he does. >> heroin, cocaine, marijuana. multiple industries. it's proof to me, i think, that the war on drugs has xleecomple failed if an illegal drug trafficker is in the top 60. he's been on the list since 2009, so they've known about him. it's ridiculous this soort of person would be on the list, but then it calls into question the nature of power. yes, he has this power in terms of the drug economy, but he can't just go anywhere. he's in control of the space he's in, unless there's bodyguards around him. when he goes to restaurants he locks the door and takes the cell phones and pays for everybody's meal. if you can't control the space that you move through, how are you actually powerful? it calls into nature what power is. >> that's why he's not 52. >> he's the number one most wanted fugitive in the world. >> he's seen a lot. maybe that makes him powerful on the wanted posters. let's

CSPAN - Washington This Week

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CSPAN
Washington This Week

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Dec 9, 2012

it in a smart way that keeps our economy growing. earlier this year, congress extended the payroll tax cut through 2012. the two percentage point payroll tax cut has played an important role to sustain the recovery. boosting economic growth by an estimated 0.5% of one percentage point, and creating 400,000 jobs. we should continue the payroll tax cut through 2013, and yesterday i introduce legislation that would keep the employee payroll tax at 4.2% next year. to keep the economy growing -- there is good evidence of that in the last couple of months? job growth of about 511,000. to keep that momentum going, we should provide tax credits to small businesses. my legislation includes such an incentive for small businesses to grow. i am confident that congress will again be successful in reaching a compromise in the days ahead. i look forward to hearing today from the experts that we have before us today on how to reduce the deficit while protecting middle income families. as we enter the holiday season, americans should not have to face the uncertainty that many will face with regard to their

CSPAN - Capitol Hill Hearings

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CSPAN
Capitol Hill Hearings

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Dec 6, 2012

. with just a few weeks ago before a potentially entirely avoidable blow to the economy, the president proposed a plan the members of his own party will even vote for. he is not interested in a balanced agreement, not particularly interested in avoiding the fiscal cliff, and clearly not interested at all in cutting any spending. with the president is really in, as we learned just yesterday, is getting as much taxpayer money as he can, first by raising taxes on small businesses who he believes are making too much money, and then on everybody else. not so he can lower the debt or the deficit, but so he can spend to his heart's content. for months, the president has been saying that all he wanted to raise taxes on the top 2% so he can tackle the debt and the deficit. however, yesterday, he finally revealed that that is not really is true intent. by demanding the power to raise the debt limit whenever he wants, by as much as he wants, he showed what he is really after is assuming unprecedented power to spend taxpayer dollars without any limit at all. this is not about getting a handle on d

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Dec 7, 2012

of the economy right now. the idea that there is this diagnosis that, it is too bad you people are not employed, you people do not have the right skills, there is no evidence that is going on. host: jim on the republican line, from maine. caller: i thank unemployment is probably a good thing, but when you expanded too far, it put a really heavy burden on the employers. as one lady called in on the last segment, the state she was from is obviously much higher than made is, but when it gets to a point that your state system goes broke, they put fees on the employer, and they cannot afford to pay the rates. host: mr. tanner? guest: the unemployment tax is generally under 1% even when you include the match that goes into the extended benefits. we're already running in federal debt more than 100% of gdp. once you get over 60% to 70% of gdp, that begins to slow economic growth. we are costing jobs. that is because that money is -- players are looking down the road and saying they're going to have to pay more in the future. we simply cannot afford to spend money, especially we do not have, and still e

CSPAN2 - U.S. Senate

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CSPAN2
U.S. Senate

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Dec 6, 2012

is going to take a more, i would say rational approach to how to deal with their own economy and how they deal with their own people, and how they deal internationally. and so i think generally there's been a feeling that there might be some hope there. however, now we are approaching, once again, a potential violation of a u.n. security council resolution, and we encourage the leadership in north korea to consider what they are doing here and implications in the overall security environment on the korean peninsula, as well as destination. >> anything new? we been hearing some rumblings for some time that there might be some activity on that front. anything new that you can provide in terms of insights into launches or things like that? >> well, i think you're tracking a pretty well. i think from the media today there are indications declared indications of their intention to do what they would call a peaceful satellite launch. and we believe it is in contradictory to the u.n. security council resolutions, that because of the nature of the type of missile they will be firing and the

MSNBCW - MSNBC Live

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MSNBCW
MSNBC Live

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Dec 6, 2012

, doesn't you agree, would be tremendous not only to him but to the economy and to our country. >> and we want to bring in and say good morning to congresswoman diane black, a republican from tennessee, a member of the house budget and ways and means committee. congresswoman, is great to have you with me right now. as we speak, house minority leader nancy pelosi is giving her briefing this morning. weep put that up for everybody to see. when we talk about where we are in the staging of all of this, all the drama, the back and forth, the clock ticking, americans truly watching this, you think that the house would be in session today but you all closed up house day early, streamed out yesterday in a walkout. what gives? how do you explain this to the american people when they expect you should be at work trying to resolve this? >> i'm not sure you would call it a walkout. we're waiting for the president to act. we have laid something on the table and we continue to be stalemated by the president and his administration. i am so disappointed that the treasury, geithner, said yesterday they're

CNBC - Squawk on the Street

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CNBC
Squawk on the Street

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Dec 3, 2012

savings as part of that and invest in things that matter to the american economy. we think we can do that. we have a good chance to do it now. it's important that we do it. i think we're going to get there. >> given tough talk over the weekend, why aren't we waking up to down numbers, red arrows? >> europe is terrific. bond rates are phenomenal. a great run. china numbers are better. i think that there's a lot of people who feel like doug cast does who writes with me with a piece in "the new york times" saying that -- >> most stuff is nontaxable accounts any way. most stocks that people won't be as motivated to sell as people think. of course that doesn't necessarily deal with the increase in payroll taxes and the whole recession side of it. it does deal with the stock market side in terms of selling. >> why not say, listen, fiscal cliff, i have to cut numbers. i have to cut guidance. i think many ceos will cut guidance because of the possibility that the amt is going to -- this alternative minimum tax, people don't know they have to write a check for $3,500 at the end of the year. once y

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Dec 4, 2012

group and give to the other. some say go to the clinton tax rate. we had a booming economy and creating more jobs. if increasing taxes increases economic activity, why don't we go to a 95% tax rate and then we'll really have a booming economy? the reason that no one proposes that is because no one really believes that. that's why the accelerated tax rate that's being recommended by the white house is also being proposed by another stimulus plan, a spending plan. here's the example that i can talk about with this. when people talk about just raise taxes in the upper 2%, well, here's an example of what's being proposed by the president. capital gains will go to 28.3%. dividends will go from 15% to 43.4%. now, i have a lot of people that will say to me, just raise it on the upper bracket. but when i tell them, can i tell you what that means? their taxes go from 15% to 43.4%, i have yet someone stop me and say, that's fair. it sounds so much easier to say, raise it on someone else, not on us. we have to solve the problem. just raising taxes doesn't solve the problem. we're spending $1 trill

CSPAN - Capitol Hill Hearings

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CSPAN
Capitol Hill Hearings

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Dec 5, 2012

economy would take off and our country would be so much better off. >> chris, you understand the politics of the house from both sides. can john boehner cut a deal without eric cantor and paul ryan? >> i have a pretty good understanding of the house, but i always am a little afraid of wandering into house republican leadership politics. just to broaden the question a little bit -- i think the question is whether or not the speaker is going to be able to bring a good part of his caucus with him. that or require a united leadership team. >> i am talking short-term -- the next two or three weeks. >> i think that is going to be a requirement. i think one of the decisions the speaker will have to make is whether he is prepared to put a agreement on the floor of the house that might not have a majority of the republicans in the house in support. that is one of the questions. senator corker points out that there are a number of ways you can get to a yes on this, but it is not clear if there is a way to get to yes that necessarily brings a majority of house republicans. not that we cannot get a m

MSNBCW - The Rachel Maddow Show

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MSNBCW
The Rachel Maddow Show

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Dec 8, 2012

. that way congress couldn't blow up the world economy for no good reason. it's taking the sharp knife covered in explosives away from a kid who has a lot of temper tantrums. it's a good thing to do. the white house calls it the mcconnell plan because it's based on an idea that mitch mcconnell proposed become in july 2011. but even though it is mitch mcconnell's idea, even though he came up with it, mitch mcconnell is not for it. mitch mcconnell at this point does not support the mcconnell plan at all. he didn't think democrats did either. and yesterday he wanted to call their bluff. now that is when c-span 2 suddenly became amazing television. yesterday afternoon mitch mcconnell asked the senate to move to an immediate vote on the mcconnell plan. vote on it now. you figured harry reid would back down. prove that even democrats don't like this idea. but reid did not back down. he doubled down. he said, yeah, let's vote on the plan. but let's move to an immediate up or down vote. no filibuster, no 60-vote requirement, let's see if it gets 51. if so, it's passed. at which point, mcconnel

FOXNEWSW - Happening Now

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FOXNEWSW
Happening Now

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Dec 4, 2012

are willing to make sure we don't go over this fiscal cliff but at the same time don't harm this economy. what has to happen here if the president shows a little leadership we are willing to stay in the room and stay here and we are willing to get this done. that's why you saw a proposal that is raoeubl reasonable that meets his criteria. >> reporter: steny hoyer said in the next few days we will see substantive movement in private to get this done. jenna: we'll continue to watch the play-by-play, mike, thank you. jon: right now we are continuing to await a speech by former president george w. bush, the speakers are taking to the podium there to get ready to introduce the former president. he is set to address a conference there in dallas, where he will spotlight the positive impact of immigration on u.s. economic growth. this as the g.o.p. looks to attract more hiss to the party. meantime mr. bush's father, former president george h.w. bush is spending another day in the hospital being treated for bronchitis and a lingering cough. we told you about that last week when we first found out that

CSPAN - Rep. Paul Ryan (R-Wis.)

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CSPAN
Rep. Paul Ryan (R-Wis.)

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Dec 9, 2012

our economy is failing to provide the basic security, much less rising wages. our schools are failing to provide a path out of poverty our families and communities are breaking out of poverty. our families and communities are breaking down. our homes and neighborhoods. at a time of great consequence, the american people have chosen a divided government. it is up to us to make this divided government work. we have to set aside partisan concerns. how to work together to prepare this economy to get people back on their feet? how do we get this sense of real security and upper mobility for all americans, especially those in need? they are the same. the old ways will not do. we need new thinking and renewed efforts from all americans. it is true that president obama won reelection. i congratulate him on his victory. on january 20, he will face a stagnant economy and a fiscal mess. you might say he will inherit these problems. bft -- [laughter] in his second term, i hope he will offer fresh ideas. failure will mean four more years. we have work to do. i'm proud of our ecampaign. i'm proud o

CNBC - Squawk Box

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CNBC
Squawk Box

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Dec 3, 2012

to inject money in a credit fashion into their economy. and we certainly think we can bring our fixed income expertise and continue to help them. >> that would make sense for cantor. ireland was the mf-will first they were in trouble, then the model for the world. what got them into trouble again, housing or real estate or something or bad banks or -- and now again they're kind of a model for everyone on how to handle it. is that basically the last five years? >> absolutely. certainly was a real estate bubble there. now there are austerity measures being put in place and they're actually following through on the austerity measures. so certainly they'll come out first and actually look pretty good. >> so where is the most business for you for cantor in ireland, what will you be doing? >> certainly it's an equity based firm. we'll bring our fixed income expertise, probably become the primary dealer there. the irish government will continue to have to have bond issuances as well as corporate debt will start to become a much bigger part of their economy. >> who else looked at this firm, do you k

FBC - Lou Dobbs Tonight

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FBC
Lou Dobbs Tonight

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Dec 6, 2012

this one, and that's good for the american economy. >> republicans believe the reason the president is going light on spending cuts while demanding the budget deal include another increase in the nation's debt ceiling is clear. >> this is not about getting a handle on deficits or debt for him. it's about spending even more than he has. >> white house aids reject the republican claims that holding the debt limit over the president's head is the only mechanism to get him to trim spending. >> you're just going to keep at the debt limit goes higher, you spend more money. you and congress, both. >> that's false. president signed into law a trillion dollars in discretionary cuts. the president has a specific proposal to achieve $600 billion in savings from entitlement programs like health care entitlement programs. >> jay compared republican pressure on the debt ceiling to a hostage taking. >> a profoundly bad idea that i think could not be more frightening for american businesses, and american workers. >> treasury secretary tim geithner may have frightened people yesterday saying the whi

CNBC - Closing Bell

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CNBC
Closing Bell

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Dec 7, 2012

no plan. >> austin, it's clear from this jobs report the economy is stuck in second gear. what's it going to take to get to a higher gear right now, do you think? >> i think we got to get the growth rate up in the economy. certainly europe's not any help. what's happening in china and japan is not any help. then you add on top of it what's coming out of washington. i don't think you should get your hopes up about figuring it out before the end of this year. i think there's a pretty deept chance we go over the cliff and then try to sort it out in the beginning of the year. >> lovely. >> joe, when did 146,000 jobs become good? have we become so pessimistic -- have our expectations come so low we're cheering 146,000 when we should be well over 200? >> plus the downward revisions for the previous two months. >> although, those revisions were almost all in government. mandy makes a good point. 150,000 a month, which has been the average over the past is a months or so, is not great. if this was a normal recovery, we'd be growing at 4% instead of 2 on gdp. employment would be well over 250. how

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Dec 3, 2012

with what our expectation is in terms of how the economy is going to perform and what will happen to the trajectory of house prices. in an environment where the economy is strong, house prices in most markets are, at worst, flat, generally rising. i would agree that borrowers will be accumulating down payment, reasonably steady income. the risks of default are manageable, covered with in the premiums. the problem is we feel we are in an environment of slower economic growth. there is not a lot of when under the sales, which means that the possibility that you can have recession is more likely because you're starting from a lower growth rate. house prices may be on a much flatter trajectory. then it is a question about whether the low down payment program is necessarily the best, even for the borrower. when you factor in -- and here is where downpayment does matter, because it is the culmination of a bar or -- the combination of a borrower, that is the determination of whether you get a default. the possibility that house prices decline in your market. house prices are very sensiti

FOXNEWSW - The Five

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FOXNEWSW
The Five

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Dec 3, 2012

but the economy will roar back. maybe, just maybe, zombies for obama will realize he has no clue when it comes to the economy. or we don't double dip to the recession. and the debt dissolves to pay the way for the 2016 conservatives. take your chance and take medicine now. over the long run, better for the economy. >> kimberly: call his bluff. be strong at the negotiating table to make sure you can do what is best in interest of the country. these are tough time and you have to stand your ground. if you look at the recent polling, obama dropped three points. in polling with the gallup poll. people aren't happy with him anyway. >> eric: there is a counterproposal, around $800 billion in revenue through tax reform. they go through spending cuts. none of the spending cuts in obama's plan. are we so far apart we will go up or is there a meeting ground? 'canes is smart of the republicans. last week, geithner to the treasury secretary and laughed at. across the board, left and right commentators said i think president obama is overplaying the hand here. they have a plan to get him what he campaigned

CSPAN - Washington Journal

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CSPAN
Washington Journal

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Dec 4, 2012

in this country. theit has done nothing to stimulate jobs. it has done nothing to take our economy into a better shape. it was the bush tax cuts and the wars that drove us into this huge deficit that we have now. not the republicans' entitlements for this country and then we have neglected this country and the people of this country. we could have created jobs 10 times over. you have vets that are going to be coming back here, and where are the jobs for them? we have focused so much on these wars we got quagmired into, obama has been trying to get us out of them for the last four years. all the republicans have done for the last four years is say no, no, no to any kind of -- and obama has tried to push through bills to cut taxes for job creators, fo. host: for small businesses? caller: yes, for small businesses. host: here is reaction from senator lindsey gramm. he says this -- a republican from new jersey, go ahead. caller: i am calling in reference to this fiscal cliff. at this point, all the seniors are already in trouble. they are not going to get but a little increase. congress will automat

MSNBCW - Jansing and Co.

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MSNBCW
Jansing and Co.

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Dec 7, 2012

. but the jobs numbers suggest that the economy is doing well and it cuts against the republican argument that raising taxes on the rich with would hurt the economy and the economy is fragile. the numbers though that the economy is not fragile and that would improve the economy's leverage. he's still doing so many public events. he is trying to use that public pressure to sort of force the republicans to cut a deal. >> doing this public stuff but at the same time having these private talks with the speaker and david axelrod talked about what the president and speaker might be doing behind closed doors and the reasoning behind it. let's listen. >> both the president and the speaker are very fluent in the basic numbers. they have been living with them for some time now. so as i said, i don't think that there's a lot of mystery about this. the politics has to be traverse. they've got to get through the rocky shoals of grover norquist. >> does that make it easier to keep politics out of it? >> i think it helps for the two men to make a deal that might work for all sides. i sound like i'm a br

MSNBCW - The Ed Show

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MSNBCW
The Ed Show

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Dec 6, 2012

that. our economy is a lot better. we can still go a long way. i just don't believe that there is the makeup of a great deal, because you can't trust anything any of these folks say. this is one of the reasons why i believe, tom, that the republicans haven't detailed out exactly what deductions are we talking about, what loopholes are they talking about. they won't come clean with the american people on this. it's all in these vague generalities. now, president obama is not interested in taking negotiations further until republicans put a rate increase on the table. and this is where boehner is running into trouble. do you think they'll eventually put a rate increase on the table? >> they're either going to do that or take us into a very dangerous fiscal situation over the cliff. this is a loosy in the football situation and the president says, i'm not going to kick again until you show me some serious commitment. and keep in mind, this is the republican leadership that supported the $718 billion of savings in medicare that was part of the health care provisions to e

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Dec 5, 2012

. in conclusion, the bill will benefit our nation's economy by helping american innovators and businesses better protect their inventions overseas. i urge my colleagues to support the legislation, and i yield back the balance of my time. the speaker pro tempore: the gentleman yields back. the gentleman from texas. mr. smith: mr. speaker, we have no other speakers on this side. i yield back the balance of my time as well. the speaker pro tempore: the gentleman yields back. the question is will the house suspend the rules and pass senate 3486. those in favor will signify by saying aye. those opposed, no. in the opinion of the chair, 2/3 having responded in the affirmative, the rules are suspended, the bill is passed, and without objection the motion to reconsider is laid on the table. for what purpose does the gentleman from texas seek recognition? mr. smith: mr. speaker, i move that the house suspend the rules and pass s. 2367, the 21st century language act of 2012. the speaker pro tempore: the clerk will report the title of the bill. the clerk: senate 2367, an act to strike the word lunatic from

FOXNEWSW - America's News Headquarters

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Dec 2, 2012

FOXNEWSW
America's News Headquarters

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Dec 2, 2012

it differently, they should tell us how they want to do it. >> i believe raising tax rates hurts our economy, hurts the prospects for more jobs in our country. >> shannon: as the sparring continues over the fiscal cliff, neither boehner nor geithner can say for certain that the country will not go over the edge. i'm shannon bream. america's news headquarters live from the nation's capital starts right now. >> shannon: we want to get to the budget standoff. peter doocy joins us live. there is time to strike a deal but not a lot. >> reporter: that's right. the speaker of the house john boehner made a point today to say there is not much time between election day and the end of the year. he thinks the white house has already wasted weeks because he does not think the proposal to avoid a fiscal cliff is serious one. negotiations here are nowhere. another republican, senator lindsey graham thinks he thinks things are heading down hill. >> i think we are going over the cliff. it's clear to me they made a political calculation. the offer doesn't deal with the entitlement reform to save the medicare

CNNW - CNN Newsroom

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CNNW
CNN Newsroom

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Dec 4, 2012

wealthy americans are the ones who are creating the jobs and helping to turn this economy around. that remains the big sticking point. those bush era tax cuts, white house saying it should be extended for middle class americans but not for those upper income americans, carol. >> how seriously should we take these negotiations? both sides are negotiating in public, not the greatest way to negotiate in the world, right? >> reporter: right. you sort of have to take it based on the information they give you. there's a lot that goes on behind the scenes. we've seen this play out over the last four years where both sides will sort of throw these sharp elbows publicly, but then they do hammer something out. we do have to take it seriously. you have to get a sense that both sides understand the serious nature of this fiscal cliff and they do want a deal to get done. so they are looking for ways to find some kind of agreement. they are looking at outside groups today as well. the president will meet with half a dozen governors, arkansas, minnesota, utah, wisconsin, republican governor fro

MSNBCW - The Daily Rundown

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MSNBCW
The Daily Rundown

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Dec 5, 2012

really wants to avoid sending the economy over the fiscal cliff, he has done nothing to demonstrate it. the position of congressman tom cole, that the party should agree immediately to extend the bush tax rates for americans making less than $250,000 a year is the best of a bunch of bad choices for the gop. >> the g 0 op is boxed in saying it's a terrible position because by default democrats get what they want. a big bargaining chip for house republicans is they need congress to raise the debt ceiling before the end of february when analysts estimate the treasury would run out of options and hit the borrowing cap. no deal is reached. closer to the deadline and today they will argue that's bad for business. help in supporting an approach without drama or delay a. >> we can't be going through another debt crisis, debt ceiling crisis like in 2011. that has to be dealt with. >> the president of the business roundtable has said congress should raise the debt ceiling enough for the next five years to avoid uncertainty. clearly that's something that won't happen. short term spending cuts sho

KPIX - CBS 5 Eyewitness News at 5PM

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KPIX
CBS 5 Eyewitness News at 5PM

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Dec 7, 2012

in four years. the economy added $150,000 last month. that dropped the unemployment rate down to 7.7%. those numbers do come with a grain of salt. more people stopped looking for work, therefore were not counted as unemployed. >>> stocks closing mostly high on wall street after the better than expected job report. the dow was up. the s&p 500 edged up no. however the nasdaq drop 11 points. >>> with the edge of the fiscal cliff fast approaching, only 25 days, going over it threatens to ruin the holidays for millions of americans. danielle nottingham says republicans are waiting for the president to make the next move. >> vice president joe biden at lunch with middle class americans who will take a $200,000 hit if their tax cuts expire. >> this is no time to add any additional burden on middle class people. >> while the white house is pushing congress to renew middle class tax cuts, the president says he won't take any deal that won't extend tax cuts for the wealthiest americans. >> it will take 15 minutes from the time the decision is made by the speaker of the house to pass and make

MSNBCW - PoliticsNation

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MSNBCW
PoliticsNation

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Dec 6, 2012

weak economy, they still blame w. this isn't about right or wrong. that's what w. did and his crowd did. i want president obama to do what he looks like he's already doing, getting it done right and on time. he knows it's an unclear dimension, nobody knows, i don't know, how bad the whirlwinds will be if we fail to do this on time. and one thing for certain, there's no guarantee that a huge drop in faith by the world economic markets will be followed by a quick rebound. as i said, this is a real cliff, not a bungy jump. that's "hardball" for now. "politicsnation" starts with al sharpton. >>> thanks, chris. it didn't come from the white house, it didn't come from democrats, it came from senator jim demint. the tea party hero who famously made this vow with the president's health care law. >> if we're able to stop obama on this, it will be his waterloo. it will break him. >> guess what, it wasn't the president's waterlook but today he announced that he's leaving the senate to run a conservative think tank. and just like that, gone is is a man who represented all of the obstruction, th

MSNBCW - Hardball With Chris Matthews

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MSNBCW
Hardball With Chris Matthews

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Dec 6, 2012

in the same category for "back to work, why we need smart government for a strong economy." the returns for this race will be on february 10th when we'll find out who won. we'll be right back. >>> welcome back to "hardball." did republican efforts to suppress the vote backfire this time? in dozens of states they made efforts to keep people, especially minorities and poor people, from getting to the ballot box. they shortened early voting periods. well, it didn't work. minority turnout remained steady from 2008, and in some states it increased, like ohio. some civil rights leaders say it was those attempts at voter suppression that drove voters out to vote even if it meant standing in line for hours. what is clear is the republican party has a deeper problem right now. it's failing to attract minority voters largely due to the policies and the rhetoric some of its leaders and their cronies have been using. what's going on? what can the republican party do about it? big questions. j.c. watts, former u.s. congressman from oklahoma. and judith browne dianis. thank you so much. let me ask ju

FOXNEWSW - FOX and Friends Saturday

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FOXNEWSW
FOX and Friends Saturday

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Dec 8, 2012

in sight for the fiscal cliff hanger. >> when it comes to the fiscal cliff threatening our economy and jobs the white house has wasted another wee>> why speaker says the president's my way or the highway approach is getting us nowhere. >> the feds are borrowing nearly a billion dollars a day. so why is the white house saying reducing our debt not really the goal? >> thank you, eric, it's the most watched video on the internet of all time. he is set to perform for the president. gangnam style said about our soldiers a few years ago. that controversy kicking up this morning. "fox & friends" hour one begins right now. >> get out the coffee. wake up, everyone, thank you so much for waking up with tus, it is "fox & friends" on this saturday morning. dave bowling in for dave briggs. >> come in and do the show with us today. more filling in today than the regulars. we are glad to be on with you clayton. >> you are on an interesting morning because congress now just 23 days left, 23 days until we head off that flif. fiscal cliff. if you listened to speaker boehner yesterday he is reading reports th

CURRENT - Full Court Press

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CURRENT
Full Court Press

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Dec 4, 2012

talking point that lowering taxes on rich people stimulates the economy. i have a degree in economics and my dad was an economics professor. and i know that it's the opposite. >> bill: yeah. >> caller: to stimulate the economy, you have to tax rich people who are just sitting on that money. they're refusing to use it to help the economy. and the government uses that money to put people to work, rebuilding bridges schools hiring people to inspect our food so we don't die from eating peanut butter or getting shots. >> bill: amen, amen. hey, paul, it has been proven, right? right, igor? we had eight years. >> in great growth and great jobs. in a consumer-based economy where people have to buy -- you have to participate in business for the economy to grow, you've gotta give -- as the president said, you've gotta grow the economy from the middle out. if the relief doesn't go toward middle class americans, if they can't participate in the economy, yeah, you're going to have a top 1% or 2% folks who do really

CSPAN - Newsmakers

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CSPAN
Newsmakers

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Dec 9, 2012

the economy in new jersey and move it more quickly, we think that we can do a better job in leading new jersey with a number of candidates that might run. >> let me ask you more broad liquor about the kind of voters you are going after. in a lot of key states it seems like people vote differently for governor than they do from federal office. there has been democratic governors of oklahoma and you mentioned montana who is a ret state. how is that voters make that distinction between a democrat or a republican running for governor and the same candidate for federal office, house or senate? >> it is a different job. we have to balance budgets, we have to pay the bills. we have to implement the policies that create jobs. often people go to congress and they want people to shake it up. they want a governor who can balance a budget and know how to run a government but also can deliver on the pornts things that makes it different for job creation. we're the folks that run the education systems that allow us to have the work force, the 21st-century jobs. that is what we get from higher education to w

MSNBCW - The Last Word

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MSNBCW
The Last Word

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Dec 7, 2012

to 7.7%. the economy added 146,000 jobs last month, and that is one reason why today john boehner kind of, sort of maybe entertained the idea of giving president obama what he wants on tax rates, at least rhetorically. >> even if the president got the tax rate hike that he wanted, understand that we would continue to see trillion deficits for as far as the eye can see. listen, washington's got a spending problem, not a revenue problem. >> joining me now are richard wolffe, the executive editor of msnbc.com and an msnbc political analyst, and robert reich, former labor secretary and a professor at the university of california berkeley. he is also the author of "beyond outrage." richard, i want to go to you first here. the president talked quite a bit in the election cycle. >> quite a bit. >> he did, period, about the fever breaking amongst republicans in congress . >> yes. >> it's been quite feverish of late, which is to say a lot of back and forth, a lot of hot air blown from the house caucus. i wonder if you think that fever might be breaking with the suggestion john boehner said, eve

CSPAN - Washington Journal

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CSPAN
Washington Journal

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Dec 5, 2012

. that would be good for stimulating the economy. but the big thing is hit there needs to be a balanced plan. we need more revenue and we need less spending at the federal level. what is good for california is not good for virginia and what's good for virginia is not good for maryland. maybe we need to focus on reducing the federal government overview. been there would not be as much spending or taxes needed. then let the states deal with the taxes they need to take care of their citizens. host: robert, milwaukee, democratic caller. caller: i would like to say that the republican party, not all of them, i think it's just the tea party, they are destroying the republican party. when i saw senator dole in his wheelchair yesterday and military disabled individuals throughout the world, when they did not pass the ada treaty, which was signed in 1990 by president george h. w. bush and then it continued on with president bush and clinton and everyone else thereafter, when they did that, now i understand they are just not the party that any of us would want to be involved with. that's all i have to

CSPAN2 - U.S. Senate

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CSPAN2
U.S. Senate

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Dec 6, 2012

we can continue to develop policies to grow our economy through international trade and hopefully help advance the rule of law around the world. this is a good package that deserves our strong support. i urge -- i urge all of my colleagues to join in supporting this bill. i believe that we have got to do more in the international trade world. earlier, due to the efforts of the distinguished chairman, senator baucus and his staff and my staff, we were able to get the korean, colombian and panamanian treaties through. these were steps in the right direction after all these years. to have this happen is going to be a wonderful thing i think for our country and really for russia itself, and it certainly is going to help us go down the line in doing what's best for our own trade. one of the other special things that's in this is it's going to cause russia to have to live up to some international trade and international intellectual property laws, international laws, and we in this country believe in obeying those laws, and i have to say russia, india and china have invaded intellectual

FOXNEWSW - FOX and Friends Sunday

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FOXNEWSW
FOX and Friends Sunday

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Dec 9, 2012

this could do to the housing market, actually to the economy as a whole, i don't think there's a comparison. >> clayton: yesterday, 4.8 billion, the government is spending, borrowing already. 1 billion as opposed to 4 per day. and how will it effect home owners less likely to buy homes, less likely to sell the home and stuck underwater and affect their credit with the tax cut expiring? >> there's huge implications, 14 million home owners underwater on their homes and 4 million homes already in the default process and short sales have been making up. home sales in general and distressed real estate. 40% of the sales and half has been short sales. by letting this tax cut expire you deincentivizes the process and we're going to see home prices come down if that happens and a lot of negative impact on the housing market. >> blight perhaps in other neighborhoods that affect someone who may stay in the neighborhood. >> great to see you and we'll certainly being keeping our eye on the mortgage forgiveness debt relief act. >> thanks for asking hee. >> clayton: a prank call to kate middleton's nurse

CSPAN2 - U.S. Senate

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CSPAN2
U.S. Senate

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Dec 7, 2012

our economy on sound footing for the future is not enough. we are calling for a framework to build out over the last ten years to reduce the deficit and restructure the fiscal policy. succumb as eventually to bring the budget into balance they must raise more revenue and encourage growth we must include parameters defined and future levels of debt as a share of the gdp and a date by which the budget will balance. and it must include changes to the discretionary spending, entitlements as well as defense. the elected leader should launch and extradited process to enact the legislation that will construct this remark in 2013 and putting powerful, the appropriate defaults and enforcement mechanisms. without a recalibrating sustainable fiscal policy, the united states international standing will decline and its national security will be undermined. such an outcome would be bad for the united states and in our view bad for the world. as pete said, she and i are joined here today with three distinguished individuals hoffa. we made a difference and had to come up with tough solutions to very c

MSNBCW - Up W/Chris Hayes

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MSNBCW
Up W/Chris Hayes

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Dec 8, 2012

dicker, author of oil he's endless bid, taming the unreliable price of oil to secure our economy, a cnbc contributor and union blake director of strirmtal affairs for hometown energy group, independent energy consulting firm with clients in the oil and gas industry. republican senator rand paul of kentucky on wenz lambbaased the actress ashley judd report considering a run for senate there. he said her opposition to one industry in particular would doom her candidacy. >> she's way damn to liberal for our country and state. she hateses or big heest industry, coal. good luck bringing the i hate coal message to kentucky. >> it shows a misunderstanding of his own state's economy. according to data from the bureau of economic analysis, mining is only the 13th largest industry in kentucky by gdp. manufacturing is at the top of the list. if you go by jobs, mining is anl 15th in the state. health care is at the top of list with eight times the number of workers. paul's claiming are flat wrong, but they show a deep anxiety and defensiveness about the coal industry on the wane in america. today co

MSNBCW - Melissa Harris-Perry

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Dec 2, 2012

MSNBCW
Melissa Harris-Perry

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Dec 2, 2012

number as australia. i think we're a bigger country. i think the economy is a little bit bigger. people are not talking about that. we have an absurd situation to get 10,000 visas a year from mexico. i'm from southern california, you can fit those 10,000 visas in about half of long beach where i'm from. it doesn't begin to make sense. people aren't talking about that. i don't think obama is pressured to deal with this because he got four more percentage points. >> this is the artificial crisis. the crisis of insufficiency, it's created by our actual policy. with a stroke of the pen, we can change it. with legislation like all issues that are difficult, they're difficult for a reason. it's tough to get their politically but the easiest way to go about it. let's get the numbers of visas way up there so it reflects at least some bit of reality and stop criminalizing human existence. >> business push on this as well. >> there's a business push. frankly, there's going to be a fight. even though business is on the same side as immigrant rights movement, there will be a fight between business

CURRENT - Full Court Press

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CURRENT
Full Court Press

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Dec 7, 2012

to pay additional fees. republicans claim that that will boost the economy and jobs. but democrats are calling it an attack on workers' rights. governor rick snyder has previously said that right-to-work is not on his agenda but he does plan on sign that next week. back on capitol hill steven spielberg is slated to attend "lincoln." poems president obama is hosting the event at the capitol visitor senator. after the screening, spielberg and louis along with 3 other actors will hold a q and a session with senators and their guests. more "bill press" is coming up after our break. see you then. i want the people who watch our show, to be able to come away armed with the facts, and the arguments to feel confident in their positions. i want them to have the data and i want them to have the passion. but it's also about telling them, you're put on this planet for something more. an impact beyond just informing. an impact that gets people to take action themselves. as a human being that's really important. this is not just a spectator sport. before the sneeze, help prot

FOXNEWSW - Greta Van Susteren

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FOXNEWSW
Greta Van Susteren

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Dec 4, 2012

world war 2 we've spent between 18 and 19% of the overall economy. that's the percentage of economic activity the government has consumed. if you look at revenue, we're at about 16%. if you look at spending, we're at 25%. we're way out of kilter when it comes to spending, and the president, all he wants to focus on is the little -- the reason we're at 16, n not 18, is becaue of poor economic growth. he doesn't want to focus on the problem. he wants to transform what american government is about. >> is it because he thinks he has a better idea or because he's stubborn and arrogant? >> look, do i believe the president is stubborn and arrogant? maybe. i don't know him that well. i will say that he's convicted that government should have more resources and make more decisions in america and that's the course we're headed on. >> senator, thank you. always nice to see you, sir. >> my pleasure, thank you. >>> to the sizzling question of the day. will the next ambassador wear prada. why would president obama consider magazine editor for a diplomatic post? >> i'm glad santorum is handling the

MSNBCW - Jansing and Co.

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MSNBCW
Jansing and Co.

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Dec 6, 2012

they actually want to make sure the economy stays out of recession here. this is a very dangerous game that we're playing with over the next four weeks. >> i want to bring in congressman tom price, a republican from georgia. he is the house policy committee chairman and a member of the budget committee. it's good to see you congressman. good morning. >> good to be with you. >> i saw an op-ed that you wrote pop up on the web site of the "atlanta journal and constitution" and it was headlined "a message to taxpayers e taxpayers" and it argues house republicans are the only thing standing between families and a tax increase. how is that? >> as you well know, the fiscal cliff we're talking about has all kinds of components to it. it's the estate tax death tax, capital gains, dividend, alternative minimum tax, all the things that will harm a vast majority of americans from a tax standpoint in a significant and fundamental way. we believe those rates ought no increase. the president is willing to play politics and take us to the brink of raising those tax rates on virtually every single american. th

KQED - PBS NewsHour

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KQED
PBS NewsHour

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Dec 6, 2012

: ♪ ♪ moving our economy for 160 years. bnsf, the engine that connects us. and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> woodruff: with 25 days left until the year-end fiscal cliff, and just 19 days until christmas, president obama warned lawmakers today not to add to the holiday pressures americans already feel, by letting the political stalemate drag on. but he also again insisted there would be no deal unless tax rates went up on the wealthy. >> the closer it gets to the brink, the more stressed we're going to be. >> woodruff: president obama made the short trip to northern virginia today to underline his plan to avert the fiscal cliff. at the home of what the white house called a typical middle class family, mr. obama said he's optimistic that agreement ca

KPIX - CBS 5 Eyewitness News at Noon

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KPIX
CBS 5 Eyewitness News at Noon

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Dec 7, 2012

. thank you. >>> good news for the economy. the job reports was 146,000 new jobs were a added last month and unemployment dropped to 7.7%, the lowest in four years. superstorm sandy caused work interruptions in the northeast but the weather had a minimal impact on the employment. >>> and millions of people receiving extended unemployment would lose them without an agreement to avoid the fiscal cliff sometime soon. here's danielle nottingham with where both sides stand on this friday. >> 2, 1. >> reporter: before the first family lit the national christmas tree, president obama said the mandatory spending cuts and tax hikes that could kick in 25 days from now are threatening to ruin the holidays for millions of americans. >> the american people are counting on this getting solved. >> reporter: the two parties are leaving negotiations to the two main power brokers, president obama and house speaker john boehner. >> if the president doesn't agree with our proposal, he has an obligation to families and small businesses to offer a plan of his own. a plan that can pass both chambers of the con

CSPAN - Newsmakers

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CSPAN
Newsmakers

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Dec 9, 2012

a strong candidate that concern the economy and moving more quickly we think that we can do a better job of leading new jersey with a number of the candidates. >> let me ask you more broadly about the kind of voters you are going after. in a lot if he states it seemed that people vote differently thafor state office and federal. he mentioned montana. -- you mentioned montana. how is that voters make the distinction between a democrat or a republican running for governor and the same candidate for the senate or house. >> is a very different job. we have to pay the bills. we have to implement the policies that create jobs. the public will also send folks to washington to go shake it up. they want a governor who not only can balance the budget and understand how to run a huge enterprise but also can deliver on the really important things that make a difference from job creation. we are the folks that run the education systems that allow us to have the workforce of 21st century jobs. that is what democratic governors get. the real obstacle to job growth is having the best education system, p

MSNBCW - Morning Joe

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MSNBCW
Morning Joe

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Dec 3, 2012

to the clinton levels, a time when the american economy is doing exceptionally well, then there will not be an agreement. >> but house speaker john bigger is digging in himself, admitting talks are going nowhere. speaker boehner also described the moment when secretary geithner first showed him the president's opening offer. >> i was just flabbergasted. i looked at him and said, "you can't be serious." i've just never seen anything like it. you know, we've got seven weeks between election day and the end of the year. and three of those weeks have been wasted with this nonsense. right now i would say we're nowhere, period. we're nowhere. we've put a serious offer on the table by putting revenues up there to try to get this question resolved. but the white house has responded with virtually nothing. they've actually asked for more revenue than they've been asking for the whole entire time. >> what are the chances we're going to go over the cliff? >> there's clearly a chance. >> lindsey graham said the same thing yesterday, michael steele. he said he thinks we are going

KGO - ABC News Good Morning America

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